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  • Jan 14- German drugmaker Boehringer Ingelheim is considering the sale of its U.S. generics unit Roxane Labs for as much as 2 billion euros, Bloomberg said, citing people with knowledge of the matter. Boehringer Ingelheim officials were not immediately available for comment outside office hours. The drugmaker is working with Morgan Stanley on the sale, two of the...

  • NEW YORK, Jan 14- The dollar slid to a four-week low against the yen on Wednesday after the U.S. interest rate outlook was muddied by a surprise drop in December U.S. retail sales data, covering the holiday shopping season. The greenback has fallen four straight days versus the yen and was on track for its first monthly loss since June 2014. "The weak retail sales and the...

  • FBI agents on Wednesday raided the offices of Med-Care Diabetic& Medical Supplies Inc, a Florida medical device company whose executive vice president helped inspire the movie "The Wolf of Wall Street," according to a Reuters reporter and other witnesses. Danny Porush is a top executive at Med-Care who inspired the character portrayed by actor Jonah Hill in the...

  • NEW YORK, Jan 14- Most experts expect U.S. interest rates to rise in 2015, but no one knows when and by how much. Rates for consumer loans, which include mortgages and automobiles, are bouncing around 3.75 percent, a quarter percentage point above historic lows reached in May 2013. Greg McBride, chief financial analyst for Bankrate.com, expects a series of rate hikes...

  • *Further losses on Wall Street add safety bid for Treasuries. A 0.9 percent drop in retail sales in December, the steepest in 11 months, extended the U.S. bond market's rally in the first two weeks of 2015, which has been underpinned by worries about deflation spreading across Europe and the effect of tumbling oil prices on corporate earnings and capital...

  • *World Bank lowers global growth forecasts for 2015, 2016. NEW YORK, Jan 14- Oil futures spiked in late trade on Wednesday, marking the strongest daily gain in more than two years on short covering ahead of options expiration. Brent crude rose $2.10 to settle at $46.38 a barrel.

  • RIO DE JANEIRO, Jan 14- Brazil's Petroleo Brasileiro SA expects to release unaudited third-quarter financial results on Jan. 27 after a scheduled meeting of its board of directors, the state-run oil company said Wednesday in a statement. Petrobras, as the company is known, had previously said it will release the results by the end of January.

  • *Stock markets slide as World Bank cuts forecasts. NEW YORK/ LONDON, Jan 14- Gold pared gains after rallying to a 12- week high for the second straight day on Wednesday, as earlier safe-haven buying that was spurred by sharp falls in stock markets and other commodities dried up. Stock markets around the world fell sharply after the World Bank cut its growth forecasts...

  • NEW YORK, Jan 14- Morgan Stanley appointed two new executives to run its commodities business on Wednesday as the previous co-heads left their roles. The leadership change comes after months of what sources inside Morgan Stanley have described as internal confusion about the fate of commodities trading there. But in August, Morgan Stanley quietly filed plans...

  • BOGOTA, Jan 14- Facebook Inc on Wednesday launched a mobile phone application that gives Colombian users free access to a handful of online services, broadening Chief Executive Officer Mark Zuckerberg's effort to boost Internet usage in developing markets. Colombia is the first nation in Latin America to receive the new Internet.org service, in partnership...

  • NEW YORK, Jan 14- Wells Fargo& Co, one of the biggest lenders to U.S. energy companies, is reviewing each of its loans to the sector in the wake of oil prices tumbling 60 percent since last summer, executives said Wednesday. The bank did not think its energy loan portfolio was at risk enough to justify setting aside any money in the fourth quarter to cover possible...

  • *World Bank cuts global growth forecasts. *Freeport McMoRan drops on copper weakness. Stocks were still on track for a fourth day of losses, however, after a World Bank forecast sparked concerns about global economic growth and U.S. retail sales for December came in weaker than expected.

  • MIAMI, Jan 14- States probing last summer's massive hack at JPMorgan Chase& Co have asked for detailed data on the company's security practices and want to know whether the bank is certain that no sensitive account data was stolen. The states announced the probe in October after JPMorgan said that some 83 million customer records had been stolen, including names,...

  • UPDATE 1-Chipotle's pork plight could hurt Q1 results Wednesday, 14 Jan 2015 | 2:50 PM ET

    Jan 14- Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare requirements could bolster its reputation with diners but threatens sales and profits this quarter, an analyst said on Wednesday. Chipotle shares were down 1.1 percent to $706.54 in midday trading on the New York Stock Exchange.

  • NEW YORK, Jan 14- U.S. and Brent crude futures rallied sharply on Wednesday, with U.S. crude up more than $3 a barrel, a day ahead of the Brent February contract's expiration and on the day that options for the U.S. contract expire, brokers and traders said. Brent February crude was up $2 at $48.59 a barrel at 2:36 p.m. EST, having reached $49.21 per barrel.

  • WASHINGTON/ OTTAWA, Jan 14- Canada is committed to taking outmoded tank cars off the rails years earlier than U.S. officials envision, sources familiar with negotiations say, leaving the trading partners at an impasse as they try to harmonize oil train safety measures. Canada wants fuel deliveries in the older wagons to end by May 2017. In a sign of concern, U.S....

  • NEW YORK, Jan 14- Few mutual fund managers pulled out of oil stocks before the price of crude began plummeting in the fall of 2014, according to Morningstar data. "We're not being too cavalier: some leveraged companies are going to die, and we're trying to pick our spots carefully," said Jayme Wiggins, lead portfolio manager of the $542 million Intrepid Small Cap fund.

  • WASHINGTON, Jan 14- A plunge in energy prices helped many Americans spend more freely in November and December, but it also weighed on those with livelihoods tied to the oil industry, the Federal Reserve said on Wednesday. Compiled by the Federal Reserve Bank of San Francisco, the report showed some consumers were getting a boost from lower gasoline prices, which...

  • *U.S., BRENT CRUDE FUTURES EXTEND GAINS TO MORE THAN $2 Wednesday, 14 Jan 2015 | 2:29 PM ET
  • *U.S., BRENT CRUDE FUTURES UP SHARPLY, RALLY MORE THAN $1 Wednesday, 14 Jan 2015 | 2:20 PM ET